FINANCED
Cushman & Wakefield Secures $8.9M Refinance Loan For South Plainfield Industrial Outdoor Storage
456 Hollywood Avenue
Industrial
11,500 SF
11,500 SF
Financed 171 days ago
Summary
Loan
NEW JERSEY
Industrial
11,500 sqft
Cushman & Wakefield has successfully arranged an $8.9 million refinancing deal for a 3.9-acre industrial outdoor storage site in South Plainfield. The property, located at 456 Hollywood Avenue, is leased to EquipmentShare. The loan was secured through Lakeland Bank on behalf of the borrower, Marcus Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,900,000
- Address: 456 Hollywood Avenue, South Plainfield
- Square Footage: 11,500 SF
- Market: South Plainfield
The deal involved several key individuals and companies. Marcus Partners, represented by Paul Marcus, serves as the landlord of the industrial property. The brokers who facilitated the transaction were Chris Meloni, Chuck Kohaut, John Alascio, and TJ Sullivan from Cushman & Wakefield.
Players
All
6
Agents
4
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Paul Marcus, Chris Meloni, Chuck Kohaut, John Alascio & TJ Sullivan
DATE: 11/13/2023
ADDRESS: 456 Hollywood Avenue
MARKET: South Plainfield
ASSET TYPE: Industrial ~ SF: 11,500 ~ ACRES: 3.9
LENDER: Lakeland Bank (@LakelandBank)
LANDLORD: Marcus Partners - Paul Marcus & Ridgecut Road - Eric Shalek & Scott Shalek
BROKERS: Chris Meloni, Chuck Kohaut, John Alascio & TJ Sullivan - Cushman & Wakefield (@CushWake)
LOAN AMOUNT: $8,900,000
LOAN TYPE: Refinance
NOTE: Cushman & Wakefield secured an $8.9 million refinancing deal for a 3.9-acre industrial outdoor storage site in South Plainfield, leased to EquipmentShare. The financing was arranged through Lakeland Bank for the borrower, Marcus Partners.View on map
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Address456 Hollywood Avenue
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